Annual report and audit

E. Summary audit report

Independent Audit Advisory Committee

Independent audit advisory committee

UNICEF considers the existing internal audit procedures for report issuance to be adequate and will ensure that monitoring of those procedures and reporting to the Audit Committee on report issuance is rigorous.

Audit of the Committee on Contracts

Audit of the Committee on Contracts

Audit of the Committee on Contracts

The Committee notes from that report that the independent audit advisory committee would serve in an expert advisory capacity to the General Assembly.

In paragraph 313, the Board recommended that UNICEF review its internal audit procedures and work with the Audit Committee to ensure it significantly improves its report issuance lead time.

E. Report on internal audit activities in 2004

An audit report was not a management scorecard.

E. Report on internal audit activities in 2004

Audited statements, an audit report or other audit clearance was provided by the following executing agencies

Department of Management Report on the audit of the functioning of the Headquarters Committee on Contracts (10) 1 not started

OIOS Audit of UNHCR Procurement (Audit report 03 03) of 6 February 2003, paragraphs 25 and 26.

The Chief of UNHCR's Audit Service introduced the report on internal audit in UNHCR for 2004 2005.

C Report of the Office of Internal Oversight Services on the audit of the functioning of the Headquarters Committee on Contracts

In paragraph 150 of its report, the Board recommended that UNRWA consider including external members on its Audit and Inspection Committee.

(b) Travel expenses related to the newly established Audit Committee

Provisional terms of reference for the independent audit advisory committee

Mr. Martin Sinclair, Chairman, Audit Operations Committee, Board of Auditors

The Chairman of the Audit Operations Committee of the Board of Auditors introduced the report of the Board (A 60 5 (Vol. V)).

In paragraph 212 of its report, the Board recommended that UNDP address the shortcomings identified between the Management Review and Oversight Committee and best practices for an audit committee function.

(a) Revised terms of reference for the Independent Audit Advisory Committee

1. Mr. Martin Sinclair, Chairman, Audit Operations Committee and Director of External Audit, United Kingdom of Great Britain and Northern Ireland.

2005 19 UNDP, UNFPA and UNOPS report on internal audit and oversight

Takes note of the report of the Office of Internal Oversight Services on the audit of the functioning of the Headquarters Committee on Contracts 4

The survey forms could add value by providing constructive comments on the audit report and the audit process followed by the resident auditor.

30. The Audit Operations Committee also discussed the role and terms of reference of the Committee on Contracts.

The Committee intends to continue to monitor the adequacy of the audit fee.

It therefore did not constitute an audit committee in line with best practices, although it was a commendable internal forum for audit follow up.

The Oversight Committee discussed for the first time in May 2005 the audit reports with an audit rating of below average or seriously deficient.

The Oversight Committee discussed for the first time in May 2005 the audit reports with an audit rating of below average or seriously deficient.

UNHCR indicated that, starting in 2005, an annual report of the Oversight Committee to the Executive Committee would constitute an umbrella for the reports submitted for the individual oversight functions (internal audit, inspection, investigation).

UNHCR indicated that, starting in 2005, an annual report of the Oversight Committee to the Executive Committee would constitute an umbrella for the reports submitted for the individual oversight functions (internal audit, inspection, investigation).

The annual management plan and the audit plan were reviewed by the Audit Committee at the outset of the year and progress was monitored at each meeting of the Committee throughout the year.

They requested the status of efforts to recruit an Audit Section Chief, and sought a management response to the internal audit report at a future session.

It is therefore proposed that the formal title be the Independent Audit Advisory Committee.

Provisional terms of reference for the Independent Audit Advisory Committee to the United Nations

Prior membership of an audit committee of a private corporation or public sector body

The present practice for determining the amount of the audit fee is that the Board presents the allocation of audit assignments to the Committee for concurrence.

It is worth noting that even the organizations that do not have an institutionalized audit committee have set up mechanisms to review internal and external audit matters as well as progress made in implementing audit recommendations.

The Board specifically mentioned the low level of headquarters audit coverage in their last report.

Two issues within UNHCR relate to that recommendation the Oversight Committee and internal audit ratings.